Nirav’s uncle Mehul Choksi, touted as the mastermind of the scam, and wife Ami Nirav Modi, have been left out of the first chargesheet as their roles will be detailed in another chargesheet likely to be filed in a week’s time.

The proposal comes against the backdrop of various instances regarding non-compliance with listing norms by issuers of non-convertible debt securities (NCDs) or non-convertible redeemable preference shares (NCRPS).

New Delhi, May 14 () Reversing the declining trend of three months, retail inflation inched up to 4.58 per cent in April and may prompt the Reserve Bank to harden stance at the monetary policy review next month. The Wholesale Price Index (WPI) based inflation too rose to 3.

According to the report, recently originated collateral-backed loans to the micro, small and medium enterprises' LAP loans have continued to surge on all delinquency indices following a drop in property prices and GST implementation.

The company, which was earlier known as Pipavav Defence & Offshore Engineering, was bought over by Anil Ambani group in 2016 and renamed it as Reliance Defence & Engineering. It owes over Rs 9,000 to over two dozen banks mostly state-run, led by the troubled IDBI Bank.

Fintech is the new buzzword that inspires both fear and expectation in minds of incumbents. Alternate lending, specifically, splits the banking industry through the middle is it a harbinger for change that will disrupt lending as we know it today? Or is it an incremental shift towards a more technology and data oriented lending model, which will be mastered by banks themselves? If one starts to peel the onion, one will realize that the transformative potential of alternate lending goes far Read more..

Over the years, many have predicted that India was on the verge of a digital revolution, with significant increases in Internet & smartphone penetration across the country, especially to Tier 2 and Tier 3 cities, and more importantly the rural masses.While this was quite true, I believe the current times are just the beginning of far greater and more impactful events that will continue to shape the digital and FinTech landscape of the country, much larger than we have ever seen to date.Based on Read more..

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